August, 2017

• 14 August

  Fintech Deposit Solutions acquires rival startup, Savedo

  Bloomberg In a sign that dealmaking in the financial-technology sector may be heating up, a German fintech firm has made the rare move of acquiring a startup to beef up its customer base. Deposit Solutions GmbH, a Hamburg-based company that enables consumers to move their savings around a network of 15 European banks to find the best interest rate, on ...

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• 14 August

  Securitas names new CEO ahead of digital change

  

  Bloomberg Securitas AB is replacing its chief executive officer with an insider who’s almost two decades his junior to steer Sweden’s biggest security company through a paradigm shift from manned guarding to big data and artificial intelligence. Magnus Ahlqvist will take over as CEO in March next year after Alf Goransson asked to step down after more than a decade ...

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• 14 August

  Google to Yahoo!: Tech grapples with white male discontent

  

  Bloomberg Google isn’t the only Silicon Valley employer being accused of hostility to white men. Yahoo! Inc. and Tata Consultancy Services Ltd. were already fighting discrimination lawsuits brought by white men before Google engineer James Damore ignited a firestorm—and got himself fired—with an internal memo criticising the company’s diversity efforts and claiming women are biologically less suited than men to ...

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• 14 August

  Portugal’s economic growth lags forecast

  

  Bloomberg Portugal’s economic growth decelerated more than forecast in the three months through June, expanding at the slowest pace in a year. Gross domestic product rose 0.2 percent from the first quarter, when it expanded 1 percent, the Lisbon-based National Statistics Institute said in a preliminary report on Monday. That fell short of the 0.6 percent increase predicted by economics ...

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• 14 August

  Netflix snags top ABC producer Shonda Rhimes with multiyear deal

  

  Bloomberg Netflix Inc. signed a multiyear contract with Shonda Rhimes, poaching the creator of the hit TV series “Scandal” and “Grey’s Anatomy” from Walt Disney Co.’s ABC network. Rhimes will produce new series and other projects, the companies said in a statement on the Netflix website. She will continue her existing work with ABC, but all new developments by her ...

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• 14 August

  Cathay needs to shift gear to win back Chinese fliers

  

  Bloomberg It’s time for Cathay Pacific boss Rupert Hogg to go to the back of the plane. With the company expected to announce another loss this week, Cathay Pacific Airways Ltd. needs to shift strategy from being the region’s top airline for premium fliers and make a bigger effort to woo some of the millions of mainland leisure travelers who ...

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• 14 August

  Delta plans Bombardier jet for LA, New York

  

  Bloomberg Delta Air Lines Inc. is eyeing New York and Los Angeles as the main bases for Bombardier Inc.’s new jetliner next year, offering a glimpse of how carriers can add service economically with the midsize aircraft. Dallas is also likely to get a lot of C Series flights, Delta said in an internal memo to pilots, a copy of ...

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• 14 August

  Rasasi Perfumes expands retail footprint in UAE

  DUBAI / EMIRATES BUSINESS Rasasi Perfumes, one of the leading perfume brands in the Middle East, expands its retail footprint in the UAE with new store opening at Mercato shopping mall, on Monday. The new store is the latest in a series of refurbishments and store openings for the home-grown business, as it experiences a period of extended and trend ...

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• 14 August

  Hawking TVs on tinder helps fuel rally for Brazil stock

  

  Bloomberg For starters, she’s an avatar. Even so, within 12 hours of hitting the dating app last June, the pretty-if-somewhat-stiff brunette had garnered more than 150,000 matches. Her admirers, both men and women, were on the hunt not for a hookup so much as a good deal on refrigerators and TVs. Onlookers from the developed world might be tempted to ...

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• 14 August

  Last component of Ichthys project arrives in Australia

  

  MELBOURNE / Reuters The last massive component of Australia’s $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan’s Inpex to start chilling gas for export in 2018. Company reputations are at stake, as well as first access to overlapping gas fields and Australia leapfrogging Qatar as the world’s largest ...

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